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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Michael Berkel who wrote (3092)11/18/1997 5:15:00 PM
From: Elmer Flugum  Respond to of 95453
 
To All...see Barron's article summary on Global Marine Thread.

Len



To: Michael Berkel who wrote (3092)11/18/1997 5:35:00 PM
From: The Perfect Hedge  Read Replies (1) | Respond to of 95453
 
Mike,
I follow EVI exclusively but these stocks seem to move together.
A bottom could be anywhere where we are.I think we are in a free fall now but fortunately in oversold territory so I'm looking(and praying) for a turnaround.



To: Michael Berkel who wrote (3092)11/18/1997 8:34:00 PM
From: B Hewson  Read Replies (1) | Respond to of 95453
 
It seems to me some of this selling may be related to the bloodletting that has gone on in some of the tech stocks, like the semi equip makers. Huge declines in three days, wiping out most of a year's profits. (this happened on Oct. 22-24.) Momentum investors in drillers don't want same to happen and are more than edgy. Fear means sell now and think later. People wanting to preserve big profits and burned by last few weeks in techies.
Barbara


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